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Nat2105 [25]
3 years ago
10

When an entire job is broken down into a number of steps, rather than being done by one individual, and each step is completed b

y a separate individual, it is called:?
Business
2 answers:
wolverine [178]3 years ago
8 0

Answer:

Division of labor

Explanation:

Division of labor is a system of  breaking down a work process into different tasks where each task is handled by different individuals .

Advantages of this system includes

  • High productivity and efficiency
  • Higher profit due to reduced cost of production
  • It also encourage economy of scale.
  • Improved quality of outputs as continuous stay on a role leads to improved skills.

Dis advantages are

  • Monotony
  • Lack of job pride could occur with time
  • Failure of a unit of production will cause a chain effect on others.
iragen [17]3 years ago
7 0

The correct answer is work specialization. This is also known as division of labor in which this is being referred in regards with the degree of an organization that are likely to have a division of individual task into separate jobs.

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Provide an example of a clothing store using “non-price” competition.
Art [367]

Answer:

Examples are such like loyalty programs, subsidized delivery, unique selling points, brand recognition, ethical and/or charitable concerns, after-sales service, positive feedback reviews, marketing campaigns and many more.

Explanation:

4 0
2 years ago
If Bob and Judy combine their savings of $1,260 and $975, respectively, and deposit this amount into an account that pays 2% ann
Andrew [12]

Answer:

The account balance after 4 years will be $2,420.

Explanation:

First we need to add Bob and Judy's amount to find the total amount that will be deposited. (1260+975)=2,235.

Now we will break up the annual interest into monthly interest because it will be compounded monthly. 2/12=0.166.

Then we will break up the 4 years into months also because the interest is compounded monthly. 4*12=48

Now we use the formula for compound interest

Final amount = Principal*(1+R)^N

Principal = 2,235

R= 0.166% or 0.00166

N= 48

We put these values into our formula

2,235*(1+0.00166)^48

=2,420

6 0
3 years ago
The _____ is an agency of the federal government that offers both managerial and financial assistance to small businesses.
Reil [10]

Answer:

D. Small Business Administration.

Explanation:

The Small Business Administration (SBA) is an agency of the federal government that offers both managerial and financial assistance to small businesses. SBA was established in 1953 as an autonomous or independent agency of the government of the United States of America. Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, in order to provide them with the necessary funds required to plan, start and grow their business.

<em>Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America. </em>

5 0
3 years ago
New Keynesian economists critique rational expectations by arguing that short-term wage stickiness is brought about by a. the po
mylen [45]

Answer:

New Keynesian economists critique rational expectations by arguing that short-term wage stickiness is brought about by

b. imperfect information and efficiency wages.

Explanation:

The assumption in macroeconomic theories is that economic agents, households, and companies exercise rational expectations.  The New Keynesian economics posits that rational expectations have become distorted as a result of market failure, arising from asymmetric information and imperfect competition, thus questioning the ability of markets to self-regulate and self-correct.

8 0
2 years ago
Question 9 of 25 : What does unity of command mean?
kari74 [83]
<u />Unity of command is a principle wherein no subordinate in an organization reports to more than one boss.

Each department in a company has only one boss. Every boss of the department reports to one higher authority, and so on.

This is to avoid confusion among subordinates and to ensure that the authority of the boss is not diminish by the authority of another boss. 
7 0
3 years ago
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